by Mike Duff | Jun 5, 2025 | Retail Articles
The Michaels Cos. has successfully completed the acquisition of the intellectual property and private-label brands of fabric and sewing retailer Joann. Joann filed for Chapter 11 bankruptcy protection in January. The customer base, in-house brands (including the...
by Mike Duff | Feb 19, 2025 | Retail Articles
With the planned closing of 500 of 800 Joann stores, affected Joann shoppers are most likely to turn to other chain craft stores, mass merchants and e-tailers, according to a survey by Numerator of verified Joann shoppers about what alternatives they might seek. If...
by Mike Duff | Jan 15, 2025 | Retail Articles
Craft retailer Joann has filed for Chapter 11 bankruptcy protection for the second time in a year. Gordon Brothers Retail Partners is set as the stalking horse bidder in the Joann bankruptcy proceedings. Joann has commenced proceedings in the U.S. Bankruptcy Court for...
by Mike Duff | Jun 10, 2024 | Retail Articles
After declaring bankruptcy and making arrangements to go private, craft specialist Joann has appointed Michael Prendergast acting CEO and introduced a new board of directors. Prendergast, a managing director in Alvarez & Marsal’s Consumer and Retail Group, has...
by Mike Duff | Apr 29, 2024 | Retail Articles
Craft-centric retailer Joann announced the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged joint plan of reorganization, clearing the way for it to emerge from Chapter 11 status. The retailer stated it expects to...
